Keep the Taxman out of Your Investments

If you are a novice investor in Canada, our tax system can make it very difficult to get the most after-tax growth out of your savings. This is because all of our income is taxed at different rates and, due to our progressive tax system, the more you make, the more they take.

When saving to increase your financial security down the road, you need to have a very good understanding of how different investments and accounts are taxed so you can make a well informed investment decision.  Read More…

This article has 6 Comments

  1. Yancey J.

    Very interesting read. Never heard of Captial-class funds before. Here i've always been lead to believe that once you maxed out RRSP and TFSA you just invest in stocks and be done with it.

    I will go read more into this.

  2. Sawyer H

    Now if i could only learn to save that would be a start for me.

  3. Jaxon

    I am not a fan of the progressive tax system but its the best solution out there because my research into flat tax i can see the main problem.

  4. Johnathan

    I still havent used up my RRSP contribution space 🙁

  5. Armand V.

    I used the free credit report mentioned here on Canadian Profiteer and i thank you because if it wasnt for the report i would have never learned to start focusing on my finances and learning to be more responsible in saving.

  6. Arly Moores

    GIC interest rates are horrible. Have been for years. The only obvious options is Index funds in stock market. Nothing else.

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